The protracted legal dispute between blockchain payment company Ripple Labs Inc and the U.S. SEC is affecting XRP’s liquidity diversification. John Deaton, a lawyer supporting Ripple, pointed out the main pressure and responded to a tweet from fellow lawyer Bill Morgan, which explained why Ripple, a major backer of XRP, has removed the token from its Liquidity Hub.
Morgan clarified to a Twitter user that the earlier meeting between Coinbase and Ripple did not guarantee XRP would be back on Coinbase, which previously delisted XRP after the U.S. SEC filed a securities lawsuit against Ripple in December 2020.
Deaton echoed Morgan's statement, saying that the community should not expect Coinbase to be listed when Ripple does not even have its own Liquidity Hub platform. Because the regulatory uncertainty surrounding XRP makes it difficult to take action to support trading or use the asset in crypto-related payment transactions. (U.Today) #bicasso #ETH2.0 #crypto2023 #askbinancesensei
